GURUFOCUS.COM » STOCK LIST » Technology » Hardware » G-Tech Optoelectronics Corp (TPE:3149) » Definitions » Piotroski F-Score

G-Tech Optoelectronics (TPE:3149) Piotroski F-Score : 5 (As of Dec. 13, 2024)


View and export this data going back to 2011. Start your Free Trial

What is G-Tech Optoelectronics Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

G-Tech Optoelectronics has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for G-Tech Optoelectronics's Piotroski F-Score or its related term are showing as below:

TPE:3149' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of G-Tech Optoelectronics was 7. The lowest was 1. And the median was 5.


G-Tech Optoelectronics Piotroski F-Score Historical Data

The historical data trend for G-Tech Optoelectronics's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

G-Tech Optoelectronics Piotroski F-Score Chart

G-Tech Optoelectronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 6.00 3.00 5.00

G-Tech Optoelectronics Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 3.00 4.00 5.00

Competitive Comparison of G-Tech Optoelectronics's Piotroski F-Score

For the Electronic Components subindustry, G-Tech Optoelectronics's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


G-Tech Optoelectronics's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, G-Tech Optoelectronics's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where G-Tech Optoelectronics's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -56.463 + -7.48 + -43.885 + -50.325 = NT$-158 Mil.
Cash Flow from Operations was -30.638 + -29.451 + 22.406 + -32.882 = NT$-71 Mil.
Revenue was 494.456 + 412.891 + 564.687 + 639.316 = NT$2,111 Mil.
Gross Profit was 22.743 + 19.986 + 40.371 + 23.319 = NT$106 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(4070.239 + 4101.329 + 4082.914 + 4725.336 + 4031.442) / 5 = NT$4202.252 Mil.
Total Assets at the begining of this year (Sep23) was NT$4,070 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,209 Mil.
Total Current Assets was NT$1,520 Mil.
Total Current Liabilities was NT$648 Mil.
Net Income was -115.385 + -22.03 + -14.278 + -25.065 = NT$-177 Mil.

Revenue was 610.254 + 396.074 + 482.635 + 485.876 = NT$1,975 Mil.
Gross Profit was -5.354 + 4.953 + 21.454 + 13.423 = NT$34 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(4519.588 + 4363.046 + 4212.694 + 4150.272 + 4070.239) / 5 = NT$4263.1678 Mil.
Total Assets at the begining of last year (Sep22) was NT$4,520 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,090 Mil.
Total Current Assets was NT$1,491 Mil.
Total Current Liabilities was NT$1,487 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

G-Tech Optoelectronics's current Net Income (TTM) was -158. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

G-Tech Optoelectronics's current Cash Flow from Operations (TTM) was -71. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=-158.153/4070.239
=-0.03885595

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-176.758/4519.588
=-0.03910932

G-Tech Optoelectronics's return on assets of this year was -0.03885595. G-Tech Optoelectronics's return on assets of last year was -0.03910932. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

G-Tech Optoelectronics's current Net Income (TTM) was -158. G-Tech Optoelectronics's current Cash Flow from Operations (TTM) was -71. ==> -71 > -158 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1209.289/4202.252
=0.28777165

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1089.591/4263.1678
=0.25558248

G-Tech Optoelectronics's gearing of this year was 0.28777165. G-Tech Optoelectronics's gearing of last year was 0.25558248. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep24)=Total Current Assets/Total Current Liabilities
=1520.209/647.935
=2.34623689

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1491.107/1487.213
=1.00261832

G-Tech Optoelectronics's current ratio of this year was 2.34623689. G-Tech Optoelectronics's current ratio of last year was 1.00261832. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

G-Tech Optoelectronics's number of shares in issue this year was 186.389. G-Tech Optoelectronics's number of shares in issue last year was 147.441. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=106.419/2111.35
=0.0504033

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=34.476/1974.839
=0.01745763

G-Tech Optoelectronics's gross margin of this year was 0.0504033. G-Tech Optoelectronics's gross margin of last year was 0.01745763. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=2111.35/4070.239
=0.51872875

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1974.839/4519.588
=0.43695111

G-Tech Optoelectronics's asset turnover of this year was 0.51872875. G-Tech Optoelectronics's asset turnover of last year was 0.43695111. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+0+1+0+1+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

G-Tech Optoelectronics has an F-score of 5 indicating the company's financial situation is typical for a stable company.

G-Tech Optoelectronics  (TPE:3149) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


G-Tech Optoelectronics Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of G-Tech Optoelectronics's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


G-Tech Optoelectronics Business Description

Traded in Other Exchanges
N/A
Address
No. 99, Zhongxing Road, Tongluo Shiang, Miaoli, TWN, 36647
G-Tech Optoelectronics Corp operates in an optoelectronic glass processing market. The company manufactures and markets optical glass products and electronic components. The segments of the company are Optoelectronics BU, that is revenue-generating segment; and Green Building BU which is the reportable segment for the group. The Optoelectronics BU is in charge of designing, manufacturing, and selling general consumer electronics vehicle glass as well as protective touch control glass for industrial control computers.

G-Tech Optoelectronics Headlines

No Headlines